Crucial support for the Nifty is at 5796-5750: Gaba

Nifty (5852) we said ‘structurally the market has shown some signs of profit booking and I would not be surprised of some more profit booking in the days to come’ the market finally unfolded as expected and closed in the red…technically now 5900 seems a strong resistance zone to work with and the market could slide to around 5780 zones in the days to come…

The crucial support for the Nifty is at 5796-5750 and the resistance is at 5900

Prakash Gaba is a professional technical analyst and a trader based in Mumbai and runs his own consultancy.